Changpeng Zhao, the Chief Executive Officer of Binance, on Sunday, issued a statement on Twitter declaring “Binance Nigeria Limited” a scam entity.

The brief statement said, “Binance have issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news

Binance have issued cease & desist notice to the scammer entity “Binance Nigeria Limited

Recall that earlier this month the Securities and Exchange Commission (SEC) of Nigeria had stated that Binance Nigeria, a subsidiary of global cryptocurrency exchange Binance, is operating illegally in Nigeria as it is not registered or regulated by the SEC.

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